VANDAL CRUSHED TO DEATH UNDER COLLAPSED TRANSMISSION TOWER IN DELTA STATE. (PHOTO).

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 VANDAL CRUSHED TO DEATH UNDER COLLAPSED TRANSMISSION TOWER IN DELTA STATE A suspected vandal has been crushed to death under a collapsed vandalised  transmission tower along the 330kV Ughelli-Benin transmission line in Delta State. The incident was discovered during a line patrol carried out by the Delta Sub-Region, Lines Maintenance Department of the Transmission Company of Nigeria (TCN), following the tripping of the line on earth fault on the Ughelli - Benin 330kV Transmission line. A statement by the TCN indicates that the patrol team traced the fault to Tower 101, which had collapsed. The body of the suspected vandal was found crushed between the tower members. Tower 101 on the adjacent Ughelli - Sapele 330kV  transmission line had also been vandalized.
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FITCH RATINGS UPGRADES NIGERIA ON THE BACK OF TINUBU'S REFORMS: BLOOMBERG. (PHOTO). #PRESS RELEASE

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 Fitch Ratings upgrades Nigeria on the back of Tinubu's reforms: Bloomberg


Fitch Ratings, a global credit rating agency, has upgraded its credit rating of Nigeria to B due to recent reforms implemented by President Tinubu's administration.


In making the upgrade, Fitch cites improved policy credibility and reduced near-term risks to macroeconomic stability.


What the new rating means for Nigeria: Fitch now has a more positive outlook on the country's economic stability and creditworthiness. The upgrade will increase the country's ability to attract foreign investment, borrow money on international markets at better interest rates, and boost investor confidence. 


“The upgrade reflects increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening, and steps to end deficit monetisation and remove fuel subsidies,” Fitch said in a statement Friday.


In May, the rating agency lifted Nigeria's credit outlook to positive from stable, citing government efforts to restore economic stability. However, it left the rating on its long-term foreign currency debt at B-.

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